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HomeMy Public PortalAbout1996_04_23_R075 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED April 23, 1996 96-75 ADOPTED April 23, 1996 AUTHORIZING A TIME EXTENSION FOR INSTALLATION OF PUBLIC IMPROVEMENTS AND APPROVING A PERFORMANCE GUARANTEE FOR THE TAVISTOCK FARMS PLANNED DEVELOPMENT Section 18 - Offsite Waterline - WHEREAS, the Director of Engineering and Public Works has approved these amounts to guarantee installation of the remaining public improvements in these various sections. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. A time extension of one (1) year for the installation of public improvements is hereby approved for Sections 1, 3, 4, 5, 6, 7, 9, 10, ll&12, 13, 19, 20 & 21, 14, 18, and the Offsite Waterline. Section 1 - Section 3 - Section 4 - Section 5 - Section 6 - Section 7 - Section 9 - Section 10 - Section 11 & 12 - Section 13,19,20 & 21 - Section 14 - $180 000.00 $ 4O 000.00 $122 4OO.OO $117.498.00 $2OO 556.00 $40O 000.00 $ 38580.00 $725.403.00 $882,694.00 $163,800.00 $230,879.00 $256,004.00 $ 50,663.00 WHEREAS, Arcadia Building Company, the developer of the Tavistock Farms Planned Development, has not completed all the required public improvements in various sections in accordance with the approved construction drawings and town standards within the two year period agreed to in the contract for public improvements; and WHEREAS, the developer has requested a one (1) year time extension to complete the public improvements; and WHEREAS, corporate surety bonds from The American Insurance Company were provided by the developer to guarantee the installation of public improvements for the following sections: